Toyota to expand auto interior operations in Russia

By Eugene Gerden
EUROPEAN PLASTICS NEWS

Published: March 5, 2013 9:18 am ET
Updated: March 5, 2013 9:21 am ET

Related to this story

Topics Automotive
Companies & Associations Toyota Motor Corp.

TOYOTA CITY, JAPAN — Toyota plans to invest 2.7 billion rubles ($88 million) in establishing new facilities for plastic auto part production in St. Petersburg, Russia.

The new plant will specialize in producing plastic parts for interiors, as well as transmissions and wipers. According to Toyota, the products may be supplied to other auto plants in the St. Petersburg region, or exported outside the region.

Most global automakers operating their own plants in Russia prefer to work with foreign suppliers of auto parts, as the quality of domestic manufacturers remains low.

For example, South Korea's Hyundai cooperates with up to five South Korean producers of automotive component operating in Russia. Canadian Magna supplies its auto parts to General Motors, Nissan and Volkswagen, which operate its factories in St. Petersburg.

According to analysts of PricewaterhouseCoopers Russia, only a small number of Russian producers of auto components meet the requirements of foreign automakers.


Comments

Toyota to expand auto interior operations in Russia

By Eugene Gerden
EUROPEAN PLASTICS NEWS

Published: March 5, 2013 9:18 am ET
Updated: March 5, 2013 9:21 am ET

Post Your Comments


Back to story


More stories

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

Jagemann expands to meet rising demand from auto industry

February 18, 2015 2:50 pm ET

Jagemann Precision Plastics is expanding its Murfreesboro, Tenn., plant to meet rising demand for insert-molded parts.    More

Image

Plastics firms honored for work in product development, manufacturing

February 17, 2015 4:09 pm ET

Sealpac USA LLC, Dow Chemical Co.'s automotive systems group, Piper Plastics Inc. and Igus Inc. were honored for their efforts in the development new ...    More

Image

TransNav, Rompa Group form JV covering Europe, North America

February 17, 2015 5:28 pm ET

TransNav Inc, of New Baltimore, Mich., and the Tilburg, Netherlands-based Rompa Group have established an injection molding and thermoforming joint...    More

Image

Chinese compounders raising stakes in U.S.

February 16, 2015 11:02 am ET

China's largest compounder has just set up a foothold in the U.S., on the heels of the news of another leading industry player entering the U.S. marke...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events